Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) Shares Set to Reverse Split on Monday, November 4th

Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS)’s stock is scheduled to reverse split on Monday, November 4th. The 1-10 reverse split was announced on Friday, October 11th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 31st.

Daily Dow Jones Internet Bear 3X Shares Trading Down 1.4 %

NYSEARCA:WEBS opened at $5.03 on Friday. The business’s fifty day moving average is $5.85 and its 200 day moving average is $6.46. Daily Dow Jones Internet Bear 3X Shares has a 52-week low of $4.86 and a 52-week high of $17.86.

Institutional Trading of Daily Dow Jones Internet Bear 3X Shares

An institutional investor recently bought a new position in Daily Dow Jones Internet Bear 3X Shares stock. Virtu Financial LLC bought a new position in Daily Dow Jones Internet Bear 3X Shares (NYSEARCA:WEBS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,316 shares of the company’s stock, valued at approximately $309,000. Virtu Financial LLC owned approximately 1.72% of Daily Dow Jones Internet Bear 3X Shares at the end of the most recent reporting period.

Daily Dow Jones Internet Bear 3X Shares Company Profile

The Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x daily inverse exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBS was launched on Nov 7, 2019 and is managed by Direxion.